BASF

BASF, established in 1865, is the world's largest chemical company, operating globally with a top-three market position in approximately 70% of its businesses. Its portfolio spans the full chemical spectrum, from commodities to specialties, including agricultural chemicals and emissions control catalysts. BASF Venture Capital, founded in 2001, is the company's corporate venture capital arm. It invests worldwide in promising startups and funds relevant to BASF's current and future business fields, focusing on innovations in chemistry, new materials, sustainability, digitization, and new business models. The firm supports its portfolio companies by leveraging BASF's global research, partnership, and customer networks. BASF Venture Capital is headquartered in Ludwigshafen, Germany, with additional offices in San Francisco, Boston, Shanghai, Sao Paulo, and Tel Aviv.

Horatio Evers

Managing Director

Jacob Grose

Investment Manager

Claus Hackmann Ph.D

Investment Manager

Nils Koehler

CFO

Li Li

Investment Manager

Andreas Lier

Managing Director

Michael Nettersheim

Investment Manager

Han Qin

Investment Manager

Ashwani Sai Ram

Investment Manager

Joshua Speros Ph.D

Investment Manager

Irene Yang

Investment Manager

Past deals in Chemical

DePoly

Seed Round in 2025
DePoly is a chemical recycling company focused on addressing the challenges posed by plastic waste. Its innovative technology converts post-consumer PET plastic and polyester textiles into their primary raw materials at room temperature, eliminating the need for pre-washing, pre-sorting, or separating other plastics. This process enables the production of high-quality raw materials that can be reintegrated into the industry, facilitating the creation of new virgin-quality plastic products. By promoting this method, DePoly aims to contribute to a circular plastic economy, supporting sustainability and reducing environmental impact.

DePoly

Seed Round in 2023
DePoly is a chemical recycling company focused on addressing the challenges posed by plastic waste. Its innovative technology converts post-consumer PET plastic and polyester textiles into their primary raw materials at room temperature, eliminating the need for pre-washing, pre-sorting, or separating other plastics. This process enables the production of high-quality raw materials that can be reintegrated into the industry, facilitating the creation of new virgin-quality plastic products. By promoting this method, DePoly aims to contribute to a circular plastic economy, supporting sustainability and reducing environmental impact.

LanzaTech

Post in 2023
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from the gasification of municipal solid waste and biomass. LanzaTech's innovative technology enables the conversion of carbon emissions from sources like steel mills into valuable products, such as sustainable fuels and chemicals, thus contributing to a circular carbon economy. By recycling carbon from various waste streams, LanzaTech aims to reduce global CO2 emissions significantly and displace a substantial portion of crude oil use, ultimately transforming waste carbon into essential building blocks for consumer goods.

P2 Science

Series C in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

Pyrowave

Grant in 2019
Pyrowave Inc. is a Canadian company that specializes in advanced recycling technology solutions, utilizing microwave-based chemical processes to convert post-consumer and post-industrial plastics into high-value liquid products. Founded in 2014 and headquartered in Oakville, the company employs a patented high-power microwave catalytic depolymerization technology, which restores plastics to their molecular state, indistinguishable from virgin materials. This innovative approach facilitates the infinite recycling of plastics, addressing the growing need for sustainable waste management. Pyrowave serves a diverse clientele, including municipal clients, private recyclers, and generators, by leasing its recycling machines and providing the resultant products from its processing operations.

NBD Nanotechnologies

Series B in 2017
NBD Nanotechnologies, Inc. specializes in the manufacture of surface wettability coatings and additives aimed at enhancing the properties of various materials. The company's diverse product portfolio includes offerings such as RepelShell, RepelFlex Antimicrobial, RepelFlex Soft-Touch, NanoGlue, RepelFlex Hard-Coat, Invisiprint, and RepelFlex Leather. These products are designed to modify surface wetting characteristics for applications in glass and plastic, providing benefits such as improved heat transfer through condensation, fog capture and de-misting, and anti-scaling performance. Founded in 2012, NBD Nanotechnologies is headquartered in Lexington, Massachusetts.

Solvay - Polyamides Business

Acquisition in 2017
Solvay - Polyamides Business as an integrated player, its activities range from upstream intermediates and polymers, to downstream with the development of high value-added engineering plastics.

Grupo Thermotek

Acquisition in 2017
Grupo Thermotek is a Monterrey, NL, Mexico-based company that specializes in waterproofing systems and related products for the construction industry. As a 100% Mexican manufacturer, it offers a wide range of items including acrylic waterproofing, thermal insulators, asphalt, prefabricated waterproofing solutions, paints, architectural coatings, and concrete additives. The company's focus is on providing high-quality chemical products that enhance construction processes, making it easier for businesses in the sector to access essential materials for their projects.

P2 Science

Series B in 2017
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

Chemetall

Acquisition in 2016
Chemetall is a global leader in the metals surface treatment market, headquartered in Frankfurt, Germany. With approximately 2,500 employees, the company operates 21 production sites across more than 20 countries, alongside 10 research and development locations and 24 sales offices. Chemetall specializes in providing a wide range of surface treatment chemicals tailored for various industries, including automotive, aerospace, aluminum finishing, and metal forming. Its product offerings include corrosion protection, coating adhesion, metalworking fluids, and cleaners, designed to enhance the performance and longevity of metal surfaces. Through innovation and technology, Chemetall aims to meet the diverse needs of its clients while maintaining high standards in quality and sustainability.

Albemarle - Surface-Treatment Chemetall Unit

Acquisition in 2015
Frankfurt-based Chemetall is a global supplier of specialty chemicals used in surface treatment of metals and plastics. Chemetall was founded in the late 19th century as part of Frankfurt-based industrial conglomerate Metallgesellschaft. As part of a restructuring, Chemetall was sold to Rockwood Specialties in 2004, which was in turn acquired by Albemarle in 2015.

Taiwan Sheen Soon

Acquisition in 2014
Taiwan Sheen Soon Co is manufacturer for thermoplastic polyurethanes (“TPU”) adhesives base material.

FRX Innovations

Series C in 2014
FRX Innovations is an industrial company based in Chelmsford, MA, that specializes in the manufacture of environmentally sustainable flame retardant solutions for various markets, including electronics, automotive, electric vehicles, and medical devices. The company produces a range of products under the brand name Nofia, which includes Nofia polyphosphonates, Nofia homopolymers, and Nofia reactive oligomers. These materials are characterized by their non-halogen, transparent, and high melt-flow properties, making them ideal for applications in textiles, electrical components, mass transit, and building construction. FRX Innovations employs sustainable green chemistry principles in its production processes, ensuring that its methods are solvent-free, generate no waste byproducts, and exhibit high atom efficiency. The company is currently in the growth phase, focusing on the commercialization of its innovative fire-resistant plastics.

FRX Innovations

Series C in 2014
FRX Innovations is an industrial company based in Chelmsford, MA, that specializes in the manufacture of environmentally sustainable flame retardant solutions for various markets, including electronics, automotive, electric vehicles, and medical devices. The company produces a range of products under the brand name Nofia, which includes Nofia polyphosphonates, Nofia homopolymers, and Nofia reactive oligomers. These materials are characterized by their non-halogen, transparent, and high melt-flow properties, making them ideal for applications in textiles, electrical components, mass transit, and building construction. FRX Innovations employs sustainable green chemistry principles in its production processes, ensuring that its methods are solvent-free, generate no waste byproducts, and exhibit high atom efficiency. The company is currently in the growth phase, focusing on the commercialization of its innovative fire-resistant plastics.

ITWC

Acquisition in 2012
ITWC, Inc. is a manufacturer specializing in cast elastomer polyurethane systems and polyester polyols. The company produces and distributes a range of industrial polymers, including polyesters and polyurethane processing equipment. In addition to its manufacturing capabilities, ITWC offers formulation blends and provides technical services and consultancy related to industrial polymers. This comprehensive approach allows ITWC to support various industries with tailored solutions and expertise in polymer applications.

Novolyte Technologies

Acquisition in 2012
Novolyte Technologies is a manufacturer of electrolyte formulations for lithium-ion batteries, high performance solvents, aryl phosphorus derivatives, and technically demanding custom manufactured products.

FRX Innovations

Series B in 2012
FRX Innovations is an industrial company based in Chelmsford, MA, that specializes in the manufacture of environmentally sustainable flame retardant solutions for various markets, including electronics, automotive, electric vehicles, and medical devices. The company produces a range of products under the brand name Nofia, which includes Nofia polyphosphonates, Nofia homopolymers, and Nofia reactive oligomers. These materials are characterized by their non-halogen, transparent, and high melt-flow properties, making them ideal for applications in textiles, electrical components, mass transit, and building construction. FRX Innovations employs sustainable green chemistry principles in its production processes, ensuring that its methods are solvent-free, generate no waste byproducts, and exhibit high atom efficiency. The company is currently in the growth phase, focusing on the commercialization of its innovative fire-resistant plastics.

Baseclick

Series B in 2011
baseclick GmbH, founded in 2008 and based in Tutzing, Germany, specializes in producing alkyne-modified nucleosides for chemical and enzymatic DNA synthesis. The company offers a diverse range of products, including phosphoramidites, triphosphates, and various types of azides and alkynes, which are utilized in research applications such as DNA and RNA labeling, PCR assays, FISH experiments, and microarrays. Additionally, baseclick holds intellectual property developed at the University of Munich and collaborates with BASF Venture Capital for funding and technology licensing. Its innovative reagents and labeling applications cater to the life sciences sector, helping researchers enhance diagnostics, therapeutics, and vaccine development.

Cognis

Acquisition in 2010
Cognis is a global supplier of specialty chemicals and nutritional ingredients, emphasizing wellness and sustainability. The company, which employs approximately 5,600 people, operates production sites and service centers in 30 countries. Cognis is dedicated to sustainability, offering value-added solutions and products derived from renewable raw materials. Its diverse product portfolio includes adhesives, agrosolutions, care chemicals, coatings, and mining chemicals, serving various industries such as food, nutrition, healthcare, cosmetics, detergents, coatings, lubricants, and agriculture. Cognis operates through three main business units: Care Chemicals, Nutrition and Health, and Functional Products, reflecting its commitment to using natural raw material-based chemistry.

Quantiam Technologies

Venture Round in 2010
Quantiam Technologies, Inc. is a manufacturing technology company based in Edmonton, Canada, specializing in advanced materials, catalysts, coatings, and surfaces designed for extreme-operating environments and energy-related applications. The company develops high-performance coatings for complex internal surfaces, particularly in tubular shapes, with significant production capacity. Quantiam’s products cater to various industries, including aerospace, automotive, mining, and chemical processing, focusing on applications that enhance wear resistance and energy efficiency. In addition to manufacturing, Quantiam offers technical services for characterizing nanomaterials and surfaces, as well as consulting in advanced materials and performance analysis. The company's innovations contribute to reducing energy consumption and emissions, aligning with the needs of the petrochemical, hydrocarbon upgrading, and cleantech sectors. Founded in 1998, Quantiam continues to advance its product offerings to meet the demands of diverse markets domestically and internationally.

Ciba

Acquisition in 2009
Ciba is a prominent global company specializing in the manufacture and marketing of specialty chemicals. The company focuses on producing high-value effects that enhance the color, performance, and care of plastics. By delivering innovative solutions, Ciba aims to meet the diverse needs of its customers and improve the quality of their products.

Ciba

Acquisition in 2009
Ciba is a prominent global company specializing in the manufacture and marketing of specialty chemicals. The company focuses on producing high-value effects that enhance the color, performance, and care of plastics. By delivering innovative solutions, Ciba aims to meet the diverse needs of its customers and improve the quality of their products.

Sorex Limited

Acquisition in 2008
Sorex Limited is a manufacturer of branded chemical and non-chemical products.

Yasar BASF Automotive Coatings Company

Acquisition in 2008
Yasar BASF Automotive Coatings Company is markets automotive original equipment manufacturer and refinish coatings.

bcd Rohstoffe fuer Bauchemie HandelsGmbH

Acquisition in 2008
bcd Rohstoffe fuer Bauchemie HandelsGmbH is designs, develops, and manufactures polymer dispersions and concrete additives for the building.

Polymer Chemical Company B.V.

Acquisition in 2007
Polymer Chemical Company is operating as an independent system house mainly for polyurethane rigid foam systems and spray coatings. PCC employs approximately 30 staff and has a 10,000 sqm plant in Boxtel, near Tilburg. Following the conclusion of the planned acquisition PCC is to be integrated into the Elastogran Group as a subsidiary under the name “Elastogran BeNeLux B.V.

Hi Con China

Acquisition in 2006
Hi Con China was established in 1996 and is located in Sichuan’s Pengshan County. It also has a branch in Suzhou, Jiangsu Province. The company produces a range of concrete admixtures as well as intermediate products needed for their production, and is well known for its excellent and reliable service and sophisticated products. Hi Con’s operations outside of the P.R. China are not part of the acquisition

Johnson Polymer

Acquisition in 2006
Johnson Polymer provides resins manufacturer. Johnson Polymer is one of the world’s leading producers and suppliers of waterbased resins. Resins are important raw materials for the production of coatings in the automotive, wood, packaging and printing industries. Johnson Polymer’s water-based product range complements BASF’s existing portfolio, which concentrates mainly on high-solids and UV resins.

BASF Leuna

Acquisition in 2005
BASF Leuna is a manufacturer of special polyamide compounds at the chemical. Leuna-Miramid specializes in the production and compounding of engineering plastics. With this acquisition, BASF further strengthens its leading position in engineering plastics in Europe.

BASF Orgamol Pharma Solutions France

Acquisition in 2005
BASF Orgamol Pharma Solutions France is a Swiss fine chemicals company.

Huntsman - TDI

Acquisition in 2005
Huntsman - TDI is an important basic product in the manufacture of polyurethanes.

Catalytic Solutions

Series D in 2003
Catalytic Solutions manufactures and distributes emissions control systems and catalytic products for commercial and industrial applications. It manufactures nanostructured catalysts at its main facility in Oxnard, California. The company’s products are most commonly applied to automobile, diesel engine, and energy markets. Catalytic Solutions has manufacturing facilities in Oxnard, California; Reno, Nevada; Thornhill, Canada; and Malmo, Sweden. Catalytic Solutions, Inc. operates as a subsidiary of Clean Diesel Technologies Inc.

H2scan

Venture Round in 2002
H2scan Corporation, based in Valencia, California, specializes in manufacturing and selling hydrogen leak detection and process gas measurement products for industrial markets globally. Established in 2002, the company offers several product lines, including HY-OPTIMA, which features real-time in-line portable hydrogen monitors for process optimization, and HY-ALERTA, which includes portable hydrogen leak detectors and fixed area monitors designed for safety in environments with potential hydrogen leaks. H2scan's solutions cater to various industries, such as electric power, petroleum, nuclear power, semiconductor, and chemical production. The company leverages hydrogen sensing technology for integration into customer products and maintains a distribution network across North America, Asia, Europe, South America, the Middle East, Australia, and Africa. H2scan has developed its technology with foundational support from the U.S. National Laboratory at Sandia and has established strategic partnerships to enhance its market presence.

Hydro Coatings Group

Acquisition in 2000
Hydro Coatings Group is the worldwide coatings business, operates manufacturing sites in Deeside, U.K.; Milan, Italy; Bangalor, India.
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